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Mar 20, 2012
03/12
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>> the u.s. market? >> in the u.s., yes. the u.s. equity market. >> you know, my original forecast, simon, at the beginning of the year was that the s&p 500 would get to 1400. that was one of the high if not the highest estimate on the street. >> we're trading at it as you speak, sir. >> yeah. so there we are at 1400. it isn't even the end of march yet. i definitely think the market can sell at 15 times $100 or 1500. so i still think we have higher highs ahead. >> what about the bond market after so many false starts? do you think it's crunch time now? after the sharp selloff we had last week, do you think there's a bubble there that's about to burst? are people at risk in the bond market? >> well, you know, i've been a bear on u.s. government securities for a long time. so i'm very flattered that you still ask me that question. i think that the right low, if there is such a thing, for the 10-year u.s. treasury, is the equivalent of the nominal growth rate for the u.s. so that would be, say, 2% growth and 2.5% inflation. or 4.5%. we'
>> the u.s. market? >> in the u.s., yes. the u.s. equity market. >> you know, my original forecast, simon, at the beginning of the year was that the s&p 500 would get to 1400. that was one of the high if not the highest estimate on the street. >> we're trading at it as you speak, sir. >> yeah. so there we are at 1400. it isn't even the end of march yet. i definitely think the market can sell at 15 times $100 or 1500. so i still think we have higher highs ahead....
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Feb 15, 2012
02/12
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he's increased his bets on u.s. blue chips, intel and ibm. according to berkshire hathaway's latest regulatory finding. he's added a new position in libya media and made a near 1 million dollar investment in directv. it pick up shares of general dynamics and took new stake in dialysis. they added provisions in coca-cola and care marek and reduced stakes in kraft. he's making big bets on technology which has performed very well. i was surprised he was taking his name ouftd j and j and kraft. they've been staples across the board. people like to hold them. i suppose we have to look at all of the holdings in berkshire to get a sense of what he's trying to balance because it's a huge portfolio. >> it is a huge portfolio as you say, which is a key point. his track record isn't bad, though, is it? i suppose that's why people follow. >> yeah. and just with his name. warren buffett is warren buffett. people like to know what he's doing and they like to see what he's making. whether you follow what berkshire is doing, that's another big question. mean
he's increased his bets on u.s. blue chips, intel and ibm. according to berkshire hathaway's latest regulatory finding. he's added a new position in libya media and made a near 1 million dollar investment in directv. it pick up shares of general dynamics and took new stake in dialysis. they added provisions in coca-cola and care marek and reduced stakes in kraft. he's making big bets on technology which has performed very well. i was surprised he was taking his name ouftd j and j and kraft....
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Mar 1, 2012
03/12
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stay with us. >>> the recovery of the u.s. economy has continued. >> this is the feks, though, on european equity markets. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the new 360 investing dashboard at e-trade. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. wh
stay with us. >>> the recovery of the u.s. economy has continued. >> this is the feks, though, on european equity markets. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night....
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Nov 27, 2012
11/12
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despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in charge of california. >> seven hours to charge it, jane. make anybody happy? how far does the volt go, if it goes 30 miles before the charge runs out. >> the leaf goes 80, not even a day's commute for me h >> doesn't work. >> finally, larry ellison scoping up his tenth house on malibu's so-called billionaire's beach. jane this is right up your alley. >> yeah you know, pretty soon, he owns some houses just billionaire, singular. here is the headline, the house he bought, ocean front malibu, billionaire's beach, assess
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in...
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Nov 12, 2012
11/12
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u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa
u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the...
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Feb 27, 2012
02/12
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u.s. history. offshore drill translation posted a fourth quarter loss, meanwhile, of more than $6 billion. carolyn is following that story as well in zurich and joins us with more. hi, carolin. >> reporter: that comes on a contract drilling services unit to the tune of $5.2 billion. now contrary to what you would expect, ross, we're seeing transocean shares rise by 1.6%. why is that? let me try to explain here. first off, this goodwill impairment charm was expected though we didn't expect it to be this high. we're at $5.2 billion. this is the equivalent of two-thirds of the goodwill value. however, for the first time transocean also made a provision regarding the macondo well incident and that was only $1 billion. this is much less possibly than what many analysts had had feared also signaling an end of this legal dispute after two years after this incident had happened. now apart from the massive goodwill impairment, the underlying business performance by transocean was actually pretty go
u.s. history. offshore drill translation posted a fourth quarter loss, meanwhile, of more than $6 billion. carolyn is following that story as well in zurich and joins us with more. hi, carolin. >> reporter: that comes on a contract drilling services unit to the tune of $5.2 billion. now contrary to what you would expect, ross, we're seeing transocean shares rise by 1.6%. why is that? let me try to explain here. first off, this goodwill impairment charm was expected though we didn't expect...
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Jun 18, 2012
06/12
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the second one week the u.s. continuing to grow, and if it's modest growth, benefits from lower energy price, investors get encouraged. if we start to get some sense, and i'm not necessarily picking winners or losers, but if we get a sense that people in washington do get the why the we have to fix our own fiscal cliff, or we'll have severe repercussions -- >> do you hear that in the conversation at the moment? >> not at all. i was in washington six weeks ago. we talked to both sides of the hid and it was a very uncomfortable trip on the way home. i wasn't feeling really good on the flight home, because nothing really can happen until the elections, given both sides have to give in, no different than what we're seeing in europe, and you don't do that to demoralize your base. post-elect, we could have some positive outcomes. i'm not picking sides on the politics, that's not what i do, and you know i'm canadian and don't vote in this country, anyway, but if the market believes you're getting a pro-business or pro-m
the second one week the u.s. continuing to grow, and if it's modest growth, benefits from lower energy price, investors get encouraged. if we start to get some sense, and i'm not necessarily picking winners or losers, but if we get a sense that people in washington do get the why the we have to fix our own fiscal cliff, or we'll have severe repercussions -- >> do you hear that in the conversation at the moment? >> not at all. i was in washington six weeks ago. we talked to both...
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Apr 9, 2012
04/12
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u.s. jobs report. and the nikkei daily says sony will slash its global workforce by 10,000 as early as year end. hello. s it is 4:00 p.m. in singapore, 4:00 a.m. in northern and 9:00 in the morning in london. plenty coming up on today's program. we're going to it a look at asia's reaction to north korea's plans to launch its rockets sometime this week and in india, the prime minister says he is penciling an official visit to pakistan soon as he met with the pack is an any leader delhi over the weekend. the so plenty coming up on "worldwide exchange." let's take a look at how the asian session faired on this monday. remember, a couple of our big markets were out of action especially australia, hong kong out of action, a couple other southeast asian ones. to reduced trading volumes, but you can see quite a bit of negativity. not a single bit of green that you see on the charts there. a couple factors. we have the sticky inflation situation in china. ppi and especially cpi was the big one and
u.s. jobs report. and the nikkei daily says sony will slash its global workforce by 10,000 as early as year end. hello. s it is 4:00 p.m. in singapore, 4:00 a.m. in northern and 9:00 in the morning in london. plenty coming up on today's program. we're going to it a look at asia's reaction to north korea's plans to launch its rockets sometime this week and in india, the prime minister says he is penciling an official visit to pakistan soon as he met with the pack is an any leader delhi over the...
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Mar 21, 2012
03/12
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we're in equities, primarily u.s. we're diversifying our risk so we have high yield corporate debt, emerging market debt. bank loans which will take advantage. we have quite a lot of alternatives right now. a lot of our clients want the return but they got spooked last year by the volatility. they are willing to give up some liquidity. >> a lot of your clients and a lot of our viewers have fixed income portfolios. >> ah-ha. >> they need to generate income out of those portfolios to s subsidize their lives. what do i do today if is that my investment objective? >> i mean, we do hold some government debt but we are underweight g7 government debt. we're looking gone emerging dmaerkt. your average policy debt is about 60 basis points. your average he merging policy rate today is over 500 basis points. with better fundamentals. so we want to be in emd to get the yield and fundamentals. we want to be in high dividend equities, not all of them, the utilities have gotten over valued but active management can pick the stocks m
we're in equities, primarily u.s. we're diversifying our risk so we have high yield corporate debt, emerging market debt. bank loans which will take advantage. we have quite a lot of alternatives right now. a lot of our clients want the return but they got spooked last year by the volatility. they are willing to give up some liquidity. >> a lot of your clients and a lot of our viewers have fixed income portfolios. >> ah-ha. >> they need to generate income out of those...
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Apr 12, 2012
04/12
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eye 261
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in the meantime, the u.s. geological survey has reported a series of earthquakes along the western coast of north america of late wednesday including 7.1 quake off the coast of mexico about an hour ago. of course these locations also sits along the pacific ripping of fire, as well. >> and moving on, asian markets were on tenterhooks following reports that pyongyang has plans to launch its controversial rockets sometime today. but then again today is only the first of a guy day window. government source says the launch has been postponed due to bad weather. north korea has said it wants to lift off the rocket this week despite international condemnation. let's get perspective on will developing story. about six weeks ago, north korea said they will limit their nuclear activities. are we running out of diplomatic options here? >> it might seem controversial, but not from the mort korean perspective. because the launch of a satellite and the testing of a long rain about a lnge about ba two different things. this
in the meantime, the u.s. geological survey has reported a series of earthquakes along the western coast of north america of late wednesday including 7.1 quake off the coast of mexico about an hour ago. of course these locations also sits along the pacific ripping of fire, as well. >> and moving on, asian markets were on tenterhooks following reports that pyongyang has plans to launch its controversial rockets sometime today. but then again today is only the first of a guy day window....
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Aug 16, 2012
08/12
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the u.s. data has continued to be strong. right now the currency market is follows higher u.s. yields. the ecb and the fed have both kind of cut the tales of the distribution. fez there's new policy or statements out of jackson hole, that would cause the market to have a sharp breakout in either direction. >> let's talk about the specific levels that the get you back to the trade. >> in euro dollar, a break above 125 on the topside. we're pretty much dead mac in the middle of the range we have seen over the course of the past two to three weeks. >> if it breaks above 15, you're in it, and in it -- >> i think if we -- no, if we get to 1.25 on the up side i think the ecb or the spanish government or something has happened to make us say there's more room for the appreciation, whereas if we break on the down side we've been disappointed and the u.s. data and higher u.s. yields are leading the derek. >> good clarification. willy, thanks so much for your time. be sure to catch "money in motion. requests we're back after our olympic hiatus. go to currency class at cnbc.com. >>> let's
the u.s. data has continued to be strong. right now the currency market is follows higher u.s. yields. the ecb and the fed have both kind of cut the tales of the distribution. fez there's new policy or statements out of jackson hole, that would cause the market to have a sharp breakout in either direction. >> let's talk about the specific levels that the get you back to the trade. >> in euro dollar, a break above 125 on the topside. we're pretty much dead mac in the middle of the...
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Nov 19, 2012
11/12
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as head of u.s. ops, how closely are you watching the progress of those talks and if it appears that they break down at any point between now and the end of the year, what sort of contingency plans do you have built in? is there a plan to strip out a lot of capacity in a short period of time? >> carl, thank you for that question. u.p.s. believes that congress does need to move very quickly to get this done and we don't need to go up to the deadline. we work with over 9 million customers on a daily basis. they are telling us that there's a reluctance on their part to invest or hire more workers. it's a simple equation for u.p.s. fewer packages shipped means less jobs for our u.p.s. workers. we would like to see something get done very quickly. >> more and more sites are offering free shipping both ways for a certain size order. i'm wondering how that impacts u.p.s. do they get a flat rate or do they pay the same as any other person? >> we work with major retailers who we have set contracts with. certa
as head of u.s. ops, how closely are you watching the progress of those talks and if it appears that they break down at any point between now and the end of the year, what sort of contingency plans do you have built in? is there a plan to strip out a lot of capacity in a short period of time? >> carl, thank you for that question. u.p.s. believes that congress does need to move very quickly to get this done and we don't need to go up to the deadline. we work with over 9 million customers...
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Dec 12, 2012
12/12
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one for u.s. viewers on the statistics, u.s. in 2012, it's producing 6.5 million barrels of oil equivalent. that is the highest levels in 15 years. set in 2013 to produce over seven million barrels, the highest levels in 20 years. no wonder paperworkopec's worri demand. >> especially with the situation with shale and natural gas and everything. thank you very much. >>> coming up, the fiscal cliff, the dividend tax rate, a power company ceo will tell us about his biggest concern if a deal doesn't get done by the end of the year. >>> also, what the ceo of walmart thinks about that, as well. he had really explosive data. mike duke last night. we'll bring it to you. "squawk box" is coming back. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, an
one for u.s. viewers on the statistics, u.s. in 2012, it's producing 6.5 million barrels of oil equivalent. that is the highest levels in 15 years. set in 2013 to produce over seven million barrels, the highest levels in 20 years. no wonder paperworkopec's worri demand. >> especially with the situation with shale and natural gas and everything. thank you very much. >>> coming up, the fiscal cliff, the dividend tax rate, a power company ceo will tell us about his biggest concern...
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Apr 16, 2012
04/12
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>> the u.s. supreme court declining to give the former enron ceo another shot at overturning his 2006 conviction. remember, in 2010 the supreme court set it back to the supreme court on the theory of prosecution. the appeals court said it was a harmless error. went back to the supreme court and declining to hear the case. he is not done yet. the court that alleged prosecutorial misconduct. >> back to you. >>> still ahead on the program, where crude is still under pressure today and it's about china. we had a bad week last week. we hover around $102 a barrel. what is the outlook? we speak with clayton williams who first drilled an oil well 52 years ago. with free enterprise puns like hugh and crye, and smash records. and one saturday a year small businesses remind a nation of the benefits of shopping small. like the way david kaplan at shell lumber shows you how to use a chop saw. then invites you back when the warehouse becomes the community theater. or the way camille russler of ever after trave
>> the u.s. supreme court declining to give the former enron ceo another shot at overturning his 2006 conviction. remember, in 2010 the supreme court set it back to the supreme court on the theory of prosecution. the appeals court said it was a harmless error. went back to the supreme court and declining to hear the case. he is not done yet. the court that alleged prosecutorial misconduct. >> back to you. >>> still ahead on the program, where crude is still under pressure...
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Feb 24, 2012
02/12
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eye 211
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today the u.s. treasury secretary tim geithner was on our network, on cnbc, in an exclusive interview saying that europe needs a bigger firewall in order to make that promise, to make that promise credible. does angela merkel need to back down? does germany need to commit more taxpayer cash to boost the bailout fund beyond $500 billion to 750 billion? this is a key discussion now at the imf this weekend. >> this is in the end a political decision whether to increase the bailout fund, whether to enhance the firewall. in my view, my personal view, is that the 500 billion are sufficient. in combination with the support by the international monetary fund. and the european governments have committed themselves already to provide additional funding to the imf of about 200 billion euros. by the way, i'm convinced that the size or the leveraging of the bailout fund is of secondary importance. what is important is that the countries in the periphery really stick to the program they are committed to and to do
today the u.s. treasury secretary tim geithner was on our network, on cnbc, in an exclusive interview saying that europe needs a bigger firewall in order to make that promise, to make that promise credible. does angela merkel need to back down? does germany need to commit more taxpayer cash to boost the bailout fund beyond $500 billion to 750 billion? this is a key discussion now at the imf this weekend. >> this is in the end a political decision whether to increase the bailout fund,...
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Oct 11, 2012
10/12
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take a look at u.s. equity futures at this hour, dow looks like it would open up 29 points higher, nasdaq 12 points higher and the s&p 500 up a little over four points. overseas in asia things are down marginally but not by much. take a quick look at what's going on in europe, which is to say we've got green arrows but again, just virtually flat. >> tonight is the main event for the vice presidential candidates. after president obama's debate performance last time around the stakes are very high for joe biden now. joining us is ted kaufman, former democratic senator for delaware, he's been prepping the vice president for tonight's debate and senator, thank you for joining us this morning. >> good to be here, becky. >> it's good to see you, ted. we know obviously you're very close to vice president biden. you were his chief of staff. >> right. >> you took over his senate seat. >> right. >> and we've been hearing from several people today that they expect the vice president to come out swinging from the st
take a look at u.s. equity futures at this hour, dow looks like it would open up 29 points higher, nasdaq 12 points higher and the s&p 500 up a little over four points. overseas in asia things are down marginally but not by much. take a quick look at what's going on in europe, which is to say we've got green arrows but again, just virtually flat. >> tonight is the main event for the vice presidential candidates. after president obama's debate performance last time around the stakes...
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Feb 23, 2012
02/12
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eye 85
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the u.s. >> you brought up a good point on emerging markets. most people think they have so much oil, this is a boom for them. outside of russia and the mideast, this is a major problem. to the extent that people wanted markets to be the growth end, how sensitive in a place like korea and south korea and turkey, these are major oil importers and do you think they are starting to have an effect on their central policy and monetary policy? >> i think it's going to hurt their growth and we are calculating so it's a noisy number and you are right to highlight that the middle east and russia will highlight. china and more developing economies have a 1-1 relationship. they need oil to generate the economic growth. the u.s. economy is growing with falling oil demand that told you we are not being driven by oil-intense economic output. with china and other markets, you need that growth. you said about a .25 effect and for every 10% move in oil, about a .35 effect for developing economies and a multipl
the u.s. >> you brought up a good point on emerging markets. most people think they have so much oil, this is a boom for them. outside of russia and the mideast, this is a major problem. to the extent that people wanted markets to be the growth end, how sensitive in a place like korea and south korea and turkey, these are major oil importers and do you think they are starting to have an effect on their central policy and monetary policy? >> i think it's going to hurt their growth...
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May 31, 2012
05/12
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u.s. should play no part in propping up the eurozone. >> and markets going after tomorrow's jobs report will assess if fed is missing the mark in its handling of the u.s. economy. world leaders are meeting in thailand's capital. we have the event highlights. what's been concerning the most? >> the external picture unfolding where you are, in the broader eurozone, and how vulnerable is this region of southeast asia. 600 million people here represents about 2 trillion in terms of gdp. so the big question is about rebalancing the economies to make them more sustainable and insulate them against 9 very volatile external picture that we are seeing continue to unfold out of the and you are row zone. we'll find out indonesia's peripherpe perspective after the break. >> all right. meanwhile, ecb president mario draghi is urging lawmakers to o come up with what he calls a credible bank fundamentalism. he stressed a resolution needs to be implemented at a european a level and voiced concerns about a
u.s. should play no part in propping up the eurozone. >> and markets going after tomorrow's jobs report will assess if fed is missing the mark in its handling of the u.s. economy. world leaders are meeting in thailand's capital. we have the event highlights. what's been concerning the most? >> the external picture unfolding where you are, in the broader eurozone, and how vulnerable is this region of southeast asia. 600 million people here represents about 2 trillion in terms of gdp....
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Dec 4, 2012
12/12
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and u.s. companies race to go beat the fiscal cliff, we'll take a look at the biggest payouts from morning at 10:30 london. in brussels, eurozone finance ministers getting ready to tackle banking union proposals. we'll have updates throughout the show. and are you going to hit the slopes during the holidays or in the course of the ski season? 11:40, we'll talk, yes, the ski season. one of the things that make winter great for the guest who for the time being is keeping warm in orlando, florida. we will do that. unemployment in spain has continued to rise, by 1.5% in november, pushing the total number to 4.2 million people. french finance minister says he's confident the buy back plan will go well. silvia is still there as they work their way towards banking union proposals. silvia, i don't know where -- i don't know if i want to talk about greece or not, whether i want to dive straight into the banking union and what chance have we possibly got of getting agreement. >> let's talk about greece,
and u.s. companies race to go beat the fiscal cliff, we'll take a look at the biggest payouts from morning at 10:30 london. in brussels, eurozone finance ministers getting ready to tackle banking union proposals. we'll have updates throughout the show. and are you going to hit the slopes during the holidays or in the course of the ski season? 11:40, we'll talk, yes, the ski season. one of the things that make winter great for the guest who for the time being is keeping warm in orlando, florida....
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Feb 24, 2012
02/12
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and the u.s. has been the case this year. >> where do you lean on the question of actively managed versus indexed? >> this year so far is looking to set up to be a very good active management year. the best way to think about active managers and kind of the easiest way is they don't like utilities, general for a lot of reasons. last year utilities outperformed the broad russell 1000 by 11%. this year so far the utility sector's underperformed by 10%. that's going to be good for active managers and all the other bets they typically make. they're probably getting paid for this year. >> great to have you on the show. thanks very much. enjoy your weekend. >> thank you. you too. >> up next, three words that make our world go round. buy, sell, hold. oil surging putting the focus on stocks like exxon, johnson & johnson named a new ceo. >> so what do you do about these stocks now? we're going to make the call on those two and three more as "power lunch" continues. [ male announcer ] let's level the playin
and the u.s. has been the case this year. >> where do you lean on the question of actively managed versus indexed? >> this year so far is looking to set up to be a very good active management year. the best way to think about active managers and kind of the easiest way is they don't like utilities, general for a lot of reasons. last year utilities outperformed the broad russell 1000 by 11%. this year so far the utility sector's underperformed by 10%. that's going to be good for...
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Apr 11, 2012
04/12
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when you look out long term at what's going on around the world, we can add a lot of oil in the u.s. and you have a tremendous demand coming out of china, india, and the developing countries and you don't have any place that you bring out a bunch of supply. you know, opec is stymied, not a lot of growth. i think long term, you are looking at a 115-140 range around brent. >> you will make a lot of money, if that's the case. john schiller, chairman and ceo of energy xxi. thank you for being on the show. >> thank you for having us. >> guys, look, a lot of money being made in oil in america and energy xxi is making more than its fair share. john schiller, chairman and ceo of energy xxi. stay with cramer. [ male announcer ] a car is either luxury or it isn't. if you want a luxury car with a standard power moonroof, your options are going to be limited. ♪ if you want standard leather-trimmed seats, you're going to have even fewer. ♪ and if you want standard keyless access, then your choice is obvious. the lexus es. it's complete luxury in a class full of compromises. see your lexus dea
when you look out long term at what's going on around the world, we can add a lot of oil in the u.s. and you have a tremendous demand coming out of china, india, and the developing countries and you don't have any place that you bring out a bunch of supply. you know, opec is stymied, not a lot of growth. i think long term, you are looking at a 115-140 range around brent. >> you will make a lot of money, if that's the case. john schiller, chairman and ceo of energy xxi. thank you for being...
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Nov 16, 2012
11/12
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the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and trade. >> i'm a little pessimistic because in the kind of world we live in where there's a struggle for global demand, that struggle will show up in the trade area. >> reporter: rhetoric about china flared on on the campaign trail with barack obama promising to stand up to china as he heads into his second term. >> i set up a trade task force to go after cheaters. that's why we brought more cases than the previous administration in two terms. >> reporter: cases for example over auto parts and solar panels.
the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and...
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Jul 13, 2012
07/12
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u.s. investors investing in asia has declined. the answer to that question and more in just under an hour. >>> and we'll speak to a banking analyst in new york to preview, of course, those jpmorgan numbers. he says the stock is a buy at this level and expects today's report to provide closure and stability for the bank. >>> well, the world's second largest economy has grown at its slowest pace in three years. china's second quarter gdp rose 7.6% hurt by weak real estate investments and falling demand at home and abroad. retail sales and factory output growth also slowed in june. markets, though, rose on the back of the data as investors were relieved the figure wasn't worse than expected. joining us now is our guest host for the hour, jeff lewis, global market strategist at j pchpmorg asset management and a global economist there. jeff, first to you. you know, we know that china has a funny way of coming in right on the nose sometimes with statistics. so what do you think is really going o
u.s. investors investing in asia has declined. the answer to that question and more in just under an hour. >>> and we'll speak to a banking analyst in new york to preview, of course, those jpmorgan numbers. he says the stock is a buy at this level and expects today's report to provide closure and stability for the bank. >>> well, the world's second largest economy has grown at its slowest pace in three years. china's second quarter gdp rose 7.6% hurt by weak real estate...
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Aug 27, 2012
08/12
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. >>> u.s. gold coast is bracing for tropical storm isaac which can be a major hurricane. >>> energy prices moving higher as oil and gas companies move to shut down production. >>> so, we're waiting for this crucial german indicator, the german august, current condition numbers coming in at 111.2. the main number there, 102.3. the forecast was for 102.7. let's get out the patricia and get a bit more information on what's going on here. looks like it's fallen short. >> reporter: it is. absolutely. we have an indication of 102.3 for the index for august. that's lower than the forecast. interesting twist though to this stock because we have current conditions at 111.2 which is ahead of expectations on the other expectation index. what people expect over the next six months to happen is below expectations coming in at 94.2. we had hear expectation of 95 to be reached. this is something that should have an impact also on the euro. at the moment euro/dollar at 125.14, not moving. at the moment the ind
. >>> u.s. gold coast is bracing for tropical storm isaac which can be a major hurricane. >>> energy prices moving higher as oil and gas companies move to shut down production. >>> so, we're waiting for this crucial german indicator, the german august, current condition numbers coming in at 111.2. the main number there, 102.3. the forecast was for 102.7. let's get out the patricia and get a bit more information on what's going on here. looks like it's fallen short....
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Nov 23, 2012
11/12
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u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're r
u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big...
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Jun 4, 2012
06/12
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jpmorgan's chief u.s. we canities strategist tom lee for his take in just a few. >>> chesapeake energy, of course, this morning announcing that it has some board changes. four directors have resigned with a fifth retiring. new independent directors will be added. one will be carl icahn or a representative named by mr. icahn. chk also close to finding a new independent chairman to replace mcclendon. let's get more on that from cnbc's kate kelly. good morning, kate. >> good morning, simon. how you doing? interesting news out of chesapeake this morning. they have worked with their two largest or two of the largest and most disappointed investor. that's carl icahn and southeastern asset management. to come up with a plan to sort of preempt any further turmoil at friday's annual meeting. essentially they're going to elect several new members to the board. they will use shareholder input in order to decide on those folks. it'll be carl icahn himself or someone appointed by him and another three folks who have th
jpmorgan's chief u.s. we canities strategist tom lee for his take in just a few. >>> chesapeake energy, of course, this morning announcing that it has some board changes. four directors have resigned with a fifth retiring. new independent directors will be added. one will be carl icahn or a representative named by mr. icahn. chk also close to finding a new independent chairman to replace mcclendon. let's get more on that from cnbc's kate kelly. good morning, kate. >> good...
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Jun 25, 2012
06/12
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u.s. he can with wit >>> welcome back. u.s. he can with wit futures are pointing to a negleative open. dow lower by 87 points. nasdaq by 2.2.5. making headlines toy ota plans o supply hybrid technology to bmw. the partnership began with a deal last december on diesel engines. nissan announcing plans for an $800 million factory in northeast china. >>> to the weather channel mao. ryan what can you tell us about debby? >> reporter: meandering around the gulf of mexico. we'll be dealing with that the next couple of days, even as late as thursday and friday. el elsewhere across the southeast, 93 degrees. warm conditions in atlanta. there's your moisture with debby. back up to new york city we'll see 75 degrees. the heat, though, will be the big story. we're talking about high temperatures in dallas. 105. well above average temperatures. not only here across the heartland but also as you head up into the rocky mountain states. denver usually cooler in the summ summer. highs today between 103 and 105 around the denver area. this is a
u.s. he can with wit >>> welcome back. u.s. he can with wit futures are pointing to a negleative open. dow lower by 87 points. nasdaq by 2.2.5. making headlines toy ota plans o supply hybrid technology to bmw. the partnership began with a deal last december on diesel engines. nissan announcing plans for an $800 million factory in northeast china. >>> to the weather channel mao. ryan what can you tell us about debby? >> reporter: meandering around the gulf of mexico....
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Jul 10, 2012
07/12
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if we knew the u.s. was putting in place severe fiscal tightening for sure in 2013 or a terrible credit event that reaches a critical threshold in europe, that would change things. the economy the way it is isn't going to produce consensus like earnings. there is a pretty big gap, 14% eps growth is a consensus estimate and it is more or less the fourth quarter will not be in line with consensus, but i think investors largely know that. >> is a bigger concern for you when it comes to earnings of u.s. companies europe or china at this point? >> i think in terms of actual sort of severe breakdown, i think it would be the europe issue. certainly china's slow down is consistent with the lower commodity price environment which is a fairly big deal for a couple sectors. it has some mild benefits for a few inside the united states or more than a few, but i think that europe is a more critical concern. i think china probably is a bit more control of its outlook. >> and do you expect that the fiscal cliff will be
if we knew the u.s. was putting in place severe fiscal tightening for sure in 2013 or a terrible credit event that reaches a critical threshold in europe, that would change things. the economy the way it is isn't going to produce consensus like earnings. there is a pretty big gap, 14% eps growth is a consensus estimate and it is more or less the fourth quarter will not be in line with consensus, but i think investors largely know that. >> is a bigger concern for you when it comes to...
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Sep 19, 2012
09/12
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becky already hinted what was happening there in the u.s. speaking of germany, had this really interesting moment this morning where bundesbank president jens weidmann, who has been quite controversial lately with his criticism of the european central bank, at an anniversary talking about -- in some essence likening what they are doing to a faustian bargain, basically a deal with the devil. that's generating a lot of commentary this morning, but not necessarily affecting action across the market too much. a quick look at commodities. that's where things are happening this morning. the saudis are perhaps pumping more oil, upward of ten million barrels a day. nymex and brent falling. brent down more than .6 of a percent. london did say it reached an agreement to raise minors. keep an eye on anglo-american platinum, reporting violence, rubber bullets being fired into the crowd. supply side issues are going to be -- are going to play to the platinum price for quite some time. this issue is not over yet. back to you. >> thank you for not disappoi
becky already hinted what was happening there in the u.s. speaking of germany, had this really interesting moment this morning where bundesbank president jens weidmann, who has been quite controversial lately with his criticism of the european central bank, at an anniversary talking about -- in some essence likening what they are doing to a faustian bargain, basically a deal with the devil. that's generating a lot of commentary this morning, but not necessarily affecting action across the...
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Feb 22, 2012
02/12
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>> absolutely, u.s. demand will absolutely have an impact on brent, no question about that. >> but you still see the price continuing higher? >> the discount between wti and brent is not necessarily driven by the brent premium, it's driven by infrastructure constraints, and shale oil in this country. which if anything, our experts out there are underestimating production growth. we produce about half a million barrels a day out of oil shale. we see that going to 3.3 million barrels a day in several years. it's actually a very significant macro chip. i guess the implication is you and i and everyone else should be buying a truck. >> so a spread over brent is -- >> i think over for quite some time. >> ann, good to see you. >> thank you. >> ann cameron looking at the spread between brent and wti. >> let's take a look at some of the today's business. americans are buying homes at the fastest pace in almost two years. existing home sales rose 4.3% in january, the highest rate since may 2010. and the inventory
>> absolutely, u.s. demand will absolutely have an impact on brent, no question about that. >> but you still see the price continuing higher? >> the discount between wti and brent is not necessarily driven by the brent premium, it's driven by infrastructure constraints, and shale oil in this country. which if anything, our experts out there are underestimating production growth. we produce about half a million barrels a day out of oil shale. we see that going to 3.3 million...
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Jun 19, 2012
06/12
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so ubs certainly would be a beneficiary, and u.s. banks beaten to death. >> thank you. we'll see what happens tomorrow. we'll cross finger and toes and everything else at that point, that is the first hour of the "closing bell" with the dow up 98
so ubs certainly would be a beneficiary, and u.s. banks beaten to death. >> thank you. we'll see what happens tomorrow. we'll cross finger and toes and everything else at that point, that is the first hour of the "closing bell" with the dow up 98
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Mar 28, 2012
03/12
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my next guest says u.s. investors are better off looking north of the border when it comes to the red hot banking industry. >> and is td bank on the verge of stepping up the u.s. expansion plans? ceo ed clark joins us for an exclusive interview. you're watching "closing bell." we are first in business worldwide. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ >>> welcome back. we have about 45 minutes to go. we're going to do a quick market stat check. all of the major averages that hit the skids today after the durable goods report and a decline in energy prices right now the dow is off session lows. we were down about 115. actually, 128 at one time. but now down 95 at 13,102. materials have been the hardest-hit sector today. we have freeport-mcmoran,
my next guest says u.s. investors are better off looking north of the border when it comes to the red hot banking industry. >> and is td bank on the verge of stepping up the u.s. expansion plans? ceo ed clark joins us for an exclusive interview. you're watching "closing bell." we are first in business worldwide. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics....
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Jun 20, 2012
06/12
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should the fed problem up the u.s. economy or let it stand on it's own two feet? tweet us @cnbcclosingbell. ♪ [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. our cloud is made of bedrock. concrete. and steel. our cloud is the smartest brains combating the latest security threats. it spans oceans, stretches continents. and is scalable as far as the mind can see. our cloud is the cloud other clouds look up to. welcome to the uppernet. verizon. do a lot of sending... and receiving. sending...and receiving. sending...and receiving. sending...and receiving. sending...and receiving. [ bob ] i got the tickets. [ male announcer ] and with citibank popmoney, it's even easier to keep sending...and receiving. let me get you back. no, it's on me. i insist. no way. yes way. well let me chip in. [ male announcer ] send mo
should the fed problem up the u.s. economy or let it stand on it's own two feet? tweet us @cnbcclosingbell. ♪ [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. our cloud is made of bedrock. concrete. and steel. our cloud is the smartest...
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May 30, 2012
05/12
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u.s. still the best place to put your money? and cloud wars, the reports of a deal with facebook ramping up their sales. mark bennioff talks about where he's seeing growth. >>> welcome to the ""fast money" halftime report. "straight to the issue at hand facing investors right now, and that's making money at a record low yield environment. where do you do that? >> first of all, you have to look at a low be texas a correlation to the s&p itself. there's no better place than the xlu. you go well-diversified and don't pick individual names here. you are getting a dividend close to 4% and a beta .56, the lowest of the etfs. >> thing it is probably going lower, but you have to go crawling through the wreckage. and look at walmart, which we mentioned, ever since the downgrade from a year ago on the halftime report this thursday, the stock is trading near a 12-year high. they seem to be doing everything right right now. so a look at walmart up on a down tape, and i still think that's an interestin
u.s. still the best place to put your money? and cloud wars, the reports of a deal with facebook ramping up their sales. mark bennioff talks about where he's seeing growth. >>> welcome to the ""fast money" halftime report. "straight to the issue at hand facing investors right now, and that's making money at a record low yield environment. where do you do that? >> first of all, you have to look at a low be texas a correlation to the s&p itself. there's no...
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Jun 25, 2012
06/12
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. >>> the u.s. supreme court may rule on whether president obama's health care law is unconstitutional. >>> so a warm welcome to this side of the trading week on "worldwide exchange." we're one hour to the trading day for europe and after being up last week but down for the last two sessions we're now down for a third session. weighted to the down side. decliners outpacing advancers by more than 9-1 with the dow jones stock 600. so european stocks, the ftse 100 up, currently down last week. it was up last week. xetra dax down 1.5%. it was up half a percent last week. the ibex down sharply off a 2%. wait to hear whether we get a formal request for bank aid during the course of the program or during the course of the day as many expect. as far as bond markets are concerned, we see yields edge higher in spain getting back towards the 6.5% but still down from the 7% we were two weeks ago, also high yields this morning but below 6%. ten-year bund levels 1.52%. we hit 1.14% yield on german bunds. as far a
. >>> the u.s. supreme court may rule on whether president obama's health care law is unconstitutional. >>> so a warm welcome to this side of the trading week on "worldwide exchange." we're one hour to the trading day for europe and after being up last week but down for the last two sessions we're now down for a third session. weighted to the down side. decliners outpacing advancers by more than 9-1 with the dow jones stock 600. so european stocks, the ftse 100 up,...
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Jun 1, 2012
06/12
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u.s. bond yields hit record lows. >> it's clear that the policies we've seen are not working. >> these job numbers are pathetic. >> announcer: republicans smell blood, an opportunity. >> and i think on the right leadership we can be -- >> announcer: now it's president obama's turn. he's expected to speak at anyman. and we'll bring you every word. with tyler mathisen at cnbc global headquarters and sue herera at the new york stock exchange. a special edition of "power lunch" on jobs friday begins right now. >>> good afternoon everybody. welcome to "power lunch." we have three topics to talk about this hour. and none could be as important as these three. jobs, stocks and how the run for the white house changed dramatically today. >> indeed it did, ty. we will hear from president obama about today's weak jobs report any minute now. he is at honeywell manufacturing plant in golden valley, minnesota. if you missed it, the unemployment rate, it ticked up to 8.2%, only 69,000 jobs were created in
u.s. bond yields hit record lows. >> it's clear that the policies we've seen are not working. >> these job numbers are pathetic. >> announcer: republicans smell blood, an opportunity. >> and i think on the right leadership we can be -- >> announcer: now it's president obama's turn. he's expected to speak at anyman. and we'll bring you every word. with tyler mathisen at cnbc global headquarters and sue herera at the new york stock exchange. a special edition of...
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Nov 12, 2012
11/12
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the u.s. -- a new report today says the u.s. is set to surpass saudi arabia in oil output by 2020. but is that really going to help bring prices down here at home? talk about that coming up. the answer may surprise you. >>> also ahead, lockheed martins incoming ceo, just the latest corporate leader ousted because of a sex scandal on the same day the cia chief goes down for the same reason. should both men have kept their jobs, though? we have a debate on that coming up. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity rati
the u.s. -- a new report today says the u.s. is set to surpass saudi arabia in oil output by 2020. but is that really going to help bring prices down here at home? talk about that coming up. the answer may surprise you. >>> also ahead, lockheed martins incoming ceo, just the latest corporate leader ousted because of a sex scandal on the same day the cia chief goes down for the same reason. should both men have kept their jobs, though? we have a debate on that coming up. stay tuned....
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Feb 15, 2012
02/12
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. -- we're starting to see some of the fundamentals in the u.s. play a little differently. i hate to use the word decoupling. >> right. >> they're not all tied together. >> unless there's a very -- >> very dramatic adverse -- exactly. >> do you expect that to happen? >> i don't think it's going to be very dramatic. i think you're going to see a two step forward, one step back event. we don't get a nice result of this for another year. >> technology has been the sector for all seasons, as we noted here. at some point, though, does that stop? apple, it's sort of a proxy for that, in the extreme. but as you said, you like -- >> technology, break it down between software and hardware, we're seeing record valuation gaps where the systems soft wears, et cetera, are at record high valuations. at the same time we're seeing valuations on the semiconductor low ends. it's not a story, let's buy them all. but i think this is a time for active stock risk take. >> then let me add a wild card here. the financials have done well this year, after a horrible couple
. -- we're starting to see some of the fundamentals in the u.s. play a little differently. i hate to use the word decoupling. >> right. >> they're not all tied together. >> unless there's a very -- >> very dramatic adverse -- exactly. >> do you expect that to happen? >> i don't think it's going to be very dramatic. i think you're going to see a two step forward, one step back event. we don't get a nice result of this for another year. >> technology has...
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Mar 21, 2012
03/12
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it's more of what ross was saying, if the u.s. is fundamentally driving things here and you get a batch of data on home sales that look be great, it's just a rally. >> these words remembering that in spain they've already raised 40% of their funding because total funding, they've already raised that through march. suddenly they are higher than the italian market. it's not going to -- it doesn't necessarily impact their funding which is the root cause of everybody's fear. >> what is interesting, in spain in particular, you see the banks picked up government debt on the ecb quantitative easing equivalent over there, the ltro. without having anything fundamentally changed over the solvency picture, it's good to meet the funding obligations. going forward, it's not like they have taken advantage to turn this around. the deficit picture is worsening and the economy is weak as well. >> what worries me a little bit, kelly, the euro weakened mid-morning, we saw our markets move. and that worries me, the higher yields have been creeping up
it's more of what ross was saying, if the u.s. is fundamentally driving things here and you get a batch of data on home sales that look be great, it's just a rally. >> these words remembering that in spain they've already raised 40% of their funding because total funding, they've already raised that through march. suddenly they are higher than the italian market. it's not going to -- it doesn't necessarily impact their funding which is the root cause of everybody's fear. >> what is...
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Feb 10, 2012
02/12
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they've run up in the u.s. the bank stocks in the u.s. until today were up 14%. in europe, they were up 25%. so they've run up. you've had five weeks in a row. the markets are due for a breather, please. it was overbought, if anything. one little message to every man watching this show, if your wife, girlfriend, daughter or mother says they don't want something for valentine's day, they don't mean it. >> they all agree with you apparently. all the traders on the floor there. >> you said buy those dividend payers. the dividend payers haven't worked out all that well. they've traded down, right? >> that's right. not this year. the materials, you all have pointed out here on the show, it's been materials and financials. it's been the high beta stocks. the defensive stocks have not worked that well. another high beta area that's -- >> still the dividend payers? >> we like the dividend payers. buy the cheap stocks that have low global exposure. the emerging stocks that have been overweight have done phenomenally earlier this year. the emerging market currency index is
they've run up in the u.s. the bank stocks in the u.s. until today were up 14%. in europe, they were up 25%. so they've run up. you've had five weeks in a row. the markets are due for a breather, please. it was overbought, if anything. one little message to every man watching this show, if your wife, girlfriend, daughter or mother says they don't want something for valentine's day, they don't mean it. >> they all agree with you apparently. all the traders on the floor there. >> you...
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Feb 17, 2012
02/12
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find out what else is on tap in the u.s. and europe that could impact your investments, that's coming up right here on the "closing bell." >>> investors are going to be hit with a barrage of retail earnings come next week. so what should we all expect to hear about gross ma jins and inventory management following a big promotions during the holiday shopping season. courtney joins us with a preview on that. >> good afternoon again, bill. 80% of the s&p 500 have already reported their quarterly earnings. a lot of retailers still on deck. next week is going to be a big week. a big one, especially on tuesday. take a look at this earnings calendar. we've got macy's, walmart and home depot all reporting tuesday. walmart target ahead of the earnings release, wednesday we hear from tj maxx and dollar tree. gap, kohl's and jcpenney will round out the week. johnson announced the ratings at the analyst's meeting. shares are taking a hit. while they did beat the street, they reported that their gross margin will fall this year, at least
find out what else is on tap in the u.s. and europe that could impact your investments, that's coming up right here on the "closing bell." >>> investors are going to be hit with a barrage of retail earnings come next week. so what should we all expect to hear about gross ma jins and inventory management following a big promotions during the holiday shopping season. courtney joins us with a preview on that. >> good afternoon again, bill. 80% of the s&p 500 have...
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Sep 5, 2012
09/12
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i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we buihaven't built a lot. >> we modernized the plants we have. a year, two years in permitting, three or four in execution. building refineries in the country, very tough to do. the most lukely place it will happen is in the backyard of the existing plants. that's what we are doing for example in woods cross near salt lake city, utah. expanding from 30,000 to 44,000 barrels a day. >> one last question. i'm thinking why don't you own a thousand gas stations? you have the low cost refined product. you sell it to people. the other guys i follow have stations do they have the wrong model? >> we have high returns to capital employ. the retail business has lower returns and relies on getting people into
i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we buihaven't built a lot. >> we modernized the plants we have. a year, two years in permitting, three or four in execution. building refineries in the country, very...
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May 17, 2012
05/12
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with a still teetering u.s. economic recovery, among the keys to the weekend it will be the first meeting of global leaders with french president francois. it's going to take time to work out that key german-franco relationship. they're not expecting concrete results from the weekend. and they do see a long road ahead, we're told. officials say the europeans have better tools, like the $500 billion firewall they created to deal with financial problems and recapitalizing their banks, but they think it's a matter of political will to use them. the administration has long maintained it's within the ability of europe to solve its problems. the president will meet with g-8 leaders this weekend, g-20 leaders next month is the main forum for addressing global financial issues. the officials are looking to the euro meetings of leaders next week as well. brian. >> just real quick question for you here, steve. okay, so president obama is going to try to urge the european leaders to basically get their act together. is the
with a still teetering u.s. economic recovery, among the keys to the weekend it will be the first meeting of global leaders with french president francois. it's going to take time to work out that key german-franco relationship. they're not expecting concrete results from the weekend. and they do see a long road ahead, we're told. officials say the europeans have better tools, like the $500 billion firewall they created to deal with financial problems and recapitalizing their banks, but they...
80
80
Apr 26, 2012
04/12
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eye 80
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i want to buy medical examiner and sell u.s. dollars. >> give me a level quickly. >> sure. 13.25, we want to sell u.s. dollars. stop at 13.30, profit at 13.03. >> talk to you soon. let's answer a quick treat here. please cover las vegas sands today. head scratching selloff, dr. j, at the time jane wells said it was a huge beat. certainly looked to be great. what's going on? >> well, obviously what's going on is table games are up huge, about 28%. i think slots are up 18%. that's -- a lot of that, judge, was anticipated going into it. but this is similar to akamai, this one reversed in after hours as well. that means you get to the sideline in my eyes. get a $53 target and get back in. >> got ya. final trades next. you know, typical alarm clock. i am so glad to get rid of it. just to be able to wake up in the morning on your own. that's a big accomplishment to me. i don't know how much money i need. but i know that whatever i have that's what i'm going to live within. ♪ ♪ ♪ how did the nba become the hottest league on the p
i want to buy medical examiner and sell u.s. dollars. >> give me a level quickly. >> sure. 13.25, we want to sell u.s. dollars. stop at 13.30, profit at 13.03. >> talk to you soon. let's answer a quick treat here. please cover las vegas sands today. head scratching selloff, dr. j, at the time jane wells said it was a huge beat. certainly looked to be great. what's going on? >> well, obviously what's going on is table games are up huge, about 28%. i think slots are up...
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Apr 3, 2012
04/12
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devry university, proud to support the education of our u.s. olympic team. ♪ ( whirring and crackling sounds ) man: assembly lines that fix themselves. the most innovative companies are doing things they never could before, by building on the cisco intelligent network. >>> welcome back to the "closing bell." i'm brian shactman. in that picture you just saw, percentage-wise the nasdaq is doing better than the other two indices but not a whole lot. i want to start with something in the green which is amazon. they will be able to stream on playstation 3. the mobile application which got good reviews it getting out of the beta testing phase. that was above 200 and now it's slightly below that. the downgrade from barclays is part of the reason from time and our parent company comcast. research in motion was down 10%. the jean munster comments are big but also you have to keep in mind, they came up with the smartphone numbers. market share is down 13% where apple is over 30 and google's android is over 50. back to you. >> brian, thank you so much.
devry university, proud to support the education of our u.s. olympic team. ♪ ( whirring and crackling sounds ) man: assembly lines that fix themselves. the most innovative companies are doing things they never could before, by building on the cisco intelligent network. >>> welcome back to the "closing bell." i'm brian shactman. in that picture you just saw, percentage-wise the nasdaq is doing better than the other two indices but not a whole lot. i want to start with...
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220
Mar 20, 2012
03/12
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chief u.s. equity strategist at morgan stanley, i know you have been cautious on this for a while now. does it make you even more wanting to take profits at this point? >> it does. i'm not tempted to chase the beta rally. i think people are very optimistic about the economy, whether it's housing or and counter to what the fed wants them to do, perhaps sensing a continuing recovery in our economy. normally you wouldn't want brent, wti up at these levels. our work shows two months lagging from rising oil is when the risk of version kicks in so we're near a rollover because of higher oil. so i think there's mixed signals and i don't think it's pure risk on. >> i think it's going to be mixed it. i don't see a lot of upside at earnings season. in january it came down. analysts were forecasting 114 bucks in earnings. now it's 105. they have taken the numbers down and i think that's still an issue but we'll see how it pans out. >> adam parker,ou
chief u.s. equity strategist at morgan stanley, i know you have been cautious on this for a while now. does it make you even more wanting to take profits at this point? >> it does. i'm not tempted to chase the beta rally. i think people are very optimistic about the economy, whether it's housing or and counter to what the fed wants them to do, perhaps sensing a continuing recovery in our economy. normally you wouldn't want brent, wti up at these levels. our work shows two months lagging...
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72
Mar 26, 2012
03/12
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eye 72
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in fact, last year according to the u.s. cuba trade council, u.s. companies shipped $347 million worth of agricultural products to cuba. shipping companies happen to be one of the beneficiaries of this busine business. president of krouly liner services, one of the few companies with a license to transport goods there. i think most americans would be surprised to hear we are shipping from the united states to cuba even though there's an embargo. >> there are a number of things surprising about the embargo. >> reporter: he says despite the decline, his company maintains steady business. every weekend he loads up a ship like this one full of containers filled with agricultural products and sets sail for cuba. his ship leaves on a 16-hour journey to cuba from a u.s. port that could see business boom if sanctions are relaxed with the communist country. that according to deputy port director. if the embargo to cuba were to end, would your port see more business? >> we believe so. >> reporter: so even though you can ship to cuba as an agricultural company
in fact, last year according to the u.s. cuba trade council, u.s. companies shipped $347 million worth of agricultural products to cuba. shipping companies happen to be one of the beneficiaries of this busine business. president of krouly liner services, one of the few companies with a license to transport goods there. i think most americans would be surprised to hear we are shipping from the united states to cuba even though there's an embargo. >> there are a number of things surprising...
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214
Apr 19, 2012
04/12
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>> bewell, what we have right n is the u.s. markets and international markets. in the u.s. natural gas is low. it's been this low before but not in recent years. and everybody is debating as to how long it will last at these levels given the new technology in terms of shale fracking. but coal is still the main stay of the u.s. electricity grid. we've got a fall off in demand this year because of weather, a much milder winter as well as because of gas but we still have 40 to 45% of our capacity still coal-based. where we've got our assets, we're still anticipating growth over the long term. >> how do t about this now? do you say, i'm assuming natural gas is going to rise again and not be as competitive or do you sit down and say, what do we do if this is permanent? >> well, we started six or seven years ago moving our company platform to an international platform because we knew that the growth rates for coal outside of the u.s. were going to be 5 to 10% compound annual growth rates. even in the best of times within the u.s., probably around 1%. because we are a mature econo
>> bewell, what we have right n is the u.s. markets and international markets. in the u.s. natural gas is low. it's been this low before but not in recent years. and everybody is debating as to how long it will last at these levels given the new technology in terms of shale fracking. but coal is still the main stay of the u.s. electricity grid. we've got a fall off in demand this year because of weather, a much milder winter as well as because of gas but we still have 40 to 45% of our...
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Apr 20, 2012
04/12
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to 35% roughly of our sales are in the u.s. and i would say a similar percentage of our revenue comes from products manufactured here. we try to manufacture where our customers sit. >> is nat gas a feed stock? >> nat gas is a minor feed stock. we recently divested a big user of nat gas. nat gas is a feed stock for propolene. we're not seeing the all-time low natural gas prices unfortunately bring the costs down. >> can i ask before you go what it would take to bring the rest of those jobs here to the u.s.? >> again, we need to match our production with where the market demand is. as airplanes continue to get build, we'll add capacity. we have a major 200 million plus to make carbon fiber for the airline industry that will come online. what will create additional production for us here is additional consumption of our products here. >> thanks so much. >> my pleasure. thanks for having me. >> just ahead on "street signs," rising fuel costs are creating rough seas for one cruise line. he's out of here. herb plays cruise director n
to 35% roughly of our sales are in the u.s. and i would say a similar percentage of our revenue comes from products manufactured here. we try to manufacture where our customers sit. >> is nat gas a feed stock? >> nat gas is a minor feed stock. we recently divested a big user of nat gas. nat gas is a feed stock for propolene. we're not seeing the all-time low natural gas prices unfortunately bring the costs down. >> can i ask before you go what it would take to bring the rest...